Manufacturers awarded $23M in readiness grants in 2022

The Indiana Economic Development Corp. and Conexus Indiana say they awarded 186 Manufacturing Readiness Grants totaling $22.7 million lasy year. The program, which was launched in 2020, aims to help manufacturers increase production efficiency while stimulating private sector investments and modernizing Indiana’s manufacturing industry.... Read More

Cargo trailer maker details Bristol layoffs

Bristol-based Stealth Enterprises LLC has permanently laid off 53 employees at its northern Indiana facility. In a notice to the state dated Jan. 27, the cargo trailer manufacturer cited "unforeseen business circumstances" as the reason for the reduction.... Read More

Wabash: Orders ‘blow away’ prior record

Lafayette-based trailer and truck body manufacturer Wabash is reporting full-year net income of $112.3 million, as well as a record backlog of orders of $3.4 billion. The company says new orders “substantially outpaced shipment."... Read More

Taylor University to launch nursing program with Parkview

Upland – Taylor University and Fort Wayne-based Parkview Health are establishing a partnership that will expand the university's healthcare programs and help address the state's nursing shortage. The partners say the strategic agreement will create a nursing program on Taylor’s campus where Parkview will provide clinical site access for future nursing students at its 19 locations.... Read More

India trip leads to funding for IU alum’s company

Indiana University says a 2019 trip to India helped one alumnus make connections that led to a $2 million funding round for the tech company he co-founded. MProfit has developed a software platform that tracks multi-asset investment portfolios in one place.... Read More

Fort Wayne VA center opens women’s health facility

VA Northern Indiana this week marked the opening of a new facility focused on the health of women veterans. Our partners at WPTA-TV report the expansion will provide a variety of benefits, including pain management and access to mental health professionals.... Read More

IPS centralizes, relaunches scholarship program

Indianapolis Public Schools and the IPS Foundation are centralizing funding to offer students an easier way to apply for up to $100,000 in annual financial assistance. The partners say the new program, called the IPS Foundation Scholarship Program, will offer funds to students at each of the four district-managed high schools assistance with college or postsecondary training.... Read More

Batesville Casket Co. acquisition complete

Connecticut-based LongRange Capital has completed its $761 million acquisition of the former Batesville Casket Co. from Batesville-based Hillenbrand Inc. The acquired company, now known as Batesville Services LLC, will operate as an independent company.... Read More

Clinical asset management company hires, promotes

Indianapolis-based TRIMEDX, an independent clinical asset management company, has announced several leadership changes. The company says the hires and promotions are intended to realign its leadership to improve its customer experience and operational structure.... Read More

Elevate Ventures announces latest pitch winners

Indianapolis-based Elevate Ventures has announced the 14 winners of its 2022 Elevate Nexus pitch competitions, resulting in $580,000 in investments in Indiana-based startups. The venture capital firm hosts three pitch competitions each spring and fall in northern, central and southern Indiana.... Read More

Berry Global CEO set to retire

Evansville-based Berry Global Group Inc. (NYSE: BERY) announced Thursday that Chief Executive Officer Tom Salmon will retire at the end of 2023, while also reporting the company’s first quarter earnings. The plastics manufacturer recorded Q1 net income of $106 million, compared to $121 million during the same period a year ago.... Read More

Indiana receives $1.8M for safer roadways

Several communities in Indiana are set to receive federal funding after the U.S. Department of Transportation announced a historic $800 million for more than 500 projects throughout the country. In total, 10 Indiana communities will receive a total of $1.8 million.... Read More

IEDC touts entrepreneurship milestones in 2022

Indiana Secretary of Commerce Brad Chambers says 2022 was a record-setting year for entrepreneurship. Among the milestones outlined by the Indiana Economic Development Corp., the state saw a record 38 startups participate in IEDC-supported accelerators.... Read More